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The Bitcoin worth plunged 3% within the final 24 hours to commerce at $59,553 as of 03:18 a.m. EST on buying and selling quantity that dropped 7% to $27 billion.
This comes as an tackle related to the defunct crypto change Mt. Gox moved 13,265 BTC price $784 million.
Based on Alex Thorn, head of analysis at Galaxy Digital, the most recent batch of on-chain motion of BTC might not translate into substantial promoting strain.
CORRECTION — in a previous tweet i stated mt gox tx’d $1.5bn onchain. it was half that — $700m. (sorry, i misinterpret my alerts)
AND, we now assume that of the 13,265 BTC moved on this tx, only one,265 ($74.5m) is supposed to distro, w/ 12,000 going to property recent chilly storage
so, very small
— Alex Thorn (@intangiblecoins) August 21, 2024
Bitcoin Value May Nonetheless Surge
The Bitcoin worth has been in a consolidation section since August 8, as BTC trades on a sideways sample throughout the $61,000 resistance and the $56,665 help zone, in accordance with information from GeckoTerminal.
BTC has now crossed above the 50-day Easy Transferring Common (SMA), which means that Bitcoin’s worth may very well be on an uptrend within the quick time period.
Furthermore, the Relative Power Index (RSI) additionally appears to be rebounding from the 50-midline stage, at the moment at 51, because it signifies a rising shopping for strain.
If the shopping for continues, the Bitcoin worth might breach the higher boundary of the sideways sample. The bulls intention to surpass the 200-day SMA at $62,255 as they aim $64,000.
Nevertheless, if the worth of Bitcoin breaches the decrease boundary of the sample at $56,645, BTC might plunge additional to seek out help round $54,635.
In the meantime, because the Bitcoin worth goals for a bullish rally, different traders are dashing to purchase a brand new GameFi token on Solana known as Mega Cube (DICE) that the outstanding YouTube channel 99Bitcoins says might soar 100X after launch.
Mega Cube Presale Garners Over $1.7 Million
The Mega Cube presale is closing in on $2 million in funds raised in its presale.
Mega Cube’s affect in crypto gaming is obvious with its rising participant base of over 50,000, who wager a mean of over $50 million month-to-month.
Our neighborhood’s creativity shines on this beautiful video that includes $DICE 🤩$DICE – #1 GameFi venture on #SOLANA! 🚀
There’s one thing for everybody at Mega Cube On line casino! 😎
Be part of now 👇https://t.co/pzizhtZ2pS pic.twitter.com/URjfXHFvae
— Mega Cube On line casino (@megadice) July 29, 2024
Customers on the platform additionally get pleasure from over 4,000 on line casino video games and have entry to over 50 sports activities and eSports betting choices.
Token holders also can earn rewards by way of staking, receiving day by day payouts based mostly on the on line casino’s income.
Mega Cube additionally gives NFTs for VIP gamers and a 25% referral fee to additional drive engagement and participation on the platform.
To affix the presale, you should purchase $DICE on the official web site right here for $0.110529 per token utilizing BNB, ETH, or SOL. It’s also possible to earn 10% on any purchases made by traders you refer.
Associated Information
Mega Cube – Latest GambleFi Token
- Established Crypto Betting Model
- Featured In Cointelegraph – First Licensed Telegram On line casino
- Presale Dwell Now – megadicetoken.com
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